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Job Description:
About Us
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Global Business Services
Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.
Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence, and innovation.
In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services
Process Overview
Structured Products Calc Agent Team is responsible for Calculations on life cycle events and processing the Ratefix Notices that occur on Structured Products. Read the Termheets/ Pricing Supplements of these products and discern the kind of life cycle events that occur and reconcile with Booking Systems. Team interacts with upstream to downstream groups as well as with Middle Office for any amendment or corrections.
Team also interacts with External Stakeholders such as Issuers, IPA and Clearers regarding the life cycle events processed.
Job Description
Structured Products Calc Agent Team provides associates a unique opportunity to learn and understand how OTC products are built by trading in the market right from trade booking to settlement stage. It provides the candidates a flavor of how changes in the market attribute to the trading volume and the way Terms and conditions are laid out for the investors regarding cashflow payments.
Calc Agent Team is responsible for Calculations on life cycle events on the Structured Products. By reading the Termheets/ Pricing Supplements on the life cycle event date we determine what kind of event/s it could be and match our calcs with Booking Systems.
Associates are required to partner/collaborate with internal and external stakeholders like, Sales/Trading/Review Teams, Legal, Middle Office, Issuing Paying Agents etc in order to ensure that all the regulatory and internal controls requirements are fulfilled in timely manner and Ratefixes are sent as per defined SLA.
The associates are expected to maintain good turnaround time and accuracy across life cycle event monitoring, amendments, resolution and factor updates. Associates are expected to understand the product types and system capabilities to ensure smooth BAU.
Responsibilities
Requirements
Work Timings
13:30 to 22:30 IST (UK Shift)
Shift could vary on business requirements and resourcing needs.
Job Location*
Hyderabad/Mumbai
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